I recently purchased my first Panerai! A Pam 88. I have many rolexes, Subs, Yachtmaster RG Ceramic, GMT Ceramic, Daytonas, etc...but never a Panerai. I was simply never drawn to them like Rolexes and there are so many Panerai models that I get confused and don't understand them enough to invest.

About 10 years ago I worked for a guy that had a Pam 88 and I always loved specifically that watch with the small sub dial and the date. I stumbled on one recently and it seemed like a good deal so I pulled the trigger! In relation to my other watches it seemed like a lot of bang for the buck.

My question: Why is this watch so cheap? Is it a good one or not? (Be honest, you won't hurt my feelings.) Will it appreciate in value? What are your favorite straps for this watch?

I loved mine while I had it but traded it for a pam 423. I still miss it. It was a great looking watch and I miss it. You can't go wrong with it. It may be cheaper since it doesn't have an in house movement and is not one of the classic pam models but it was definitely a great watch.